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How To Bail America Out From Overregulation
Patrick McLaughlin
Overregulation has turned the United States into something of a leaky boat. Instead of taking on water, we’re taking on regulatory burden—and losing potential growth. The buildup of regulatory burden in the United States has been estimated to slow economic growth by nearly 1% per year. That adds up to trillions of dollars of growth that could have been achieved but wasn’t.
Now, if your boat is taking on water, the first thing you do is stop the leaks—and fortunately, that seems to be the logic of the Regulations from the Executive in Need of Scrutiny Act of 2023, or the REINS Act. Regulatory reform is much needed, and on that, REINS is a good start. But it is just that—a start. More needs to be done to control runaway regulation.
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RESEARCH
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Measuring Monetary Policy: the NGDP Gap
David Beckworth
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Comments Urging a Sectoral Approach to AI Accountability
Matt Mittelsteadt and Brent Skorup
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How Medicare Part B’s Physician Fee Schedule Drives Up Spending and Influences the Provision of Care
John O'Shea, Kofi Ampaabeng, and Elise Amez-Droz
NEWS & MEDIA
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Why We Don’t Need To Tolerate Higher Inflation
Patrick Horan
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TRIBUNE NEWS SERVICE
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Kenya Is Poised to Become the ‘Singapore of Africa’
Tyler Cowen
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BLOOMBERG OPINION
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The US Federal Reserve Needs To Raise Rates in July if They Pause Here in June
Thomas Hoenig
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BNN BLOOMBERG
DISCOURSE MAGAZINE
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The EPA’s Proposed EV Rule Is Yet Another Regulatory Overreach
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Philip Rossetti
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POLITICS
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Juneteenth Is as American as Apple Pie
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Rachel S. Ferguson
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CULTURE & SOCIETY
PODCASTS
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Peter Stella on the Quasi-Fiscal Implications of Central Bank Crisis Intervention
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Listen Now
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19th-Century History">Noam Chomsky on Language, Left Libertarianism, and Progress
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